Now Playing

3/1/2013 2:48PM

Snyder: Detroit in a State of Emergency and More

What's News: Michigan Governor Rick Snyder appoints a financial overseer for struggling Detroit, sales of new vehicles in the United States continue to rise and the U.S. wins an appeal in the fight over extraditing Kim Dotcom. Photo: AP

This transcript has been automatically generated and may not be 100% accurate.

... that day it's a this is what's news on the beest live I'm so and so ... Governor Rick Snyder declaring a financial emergency industry today and announcing plans to appoint a financial manager ... to oversee the state's largest city to get it back on track ... a recent report shows that the trick is running out of twenty and finds its current obligations I'm borrowing ... the traits long-term liabilities which are currently estimated about ... fourteen billion dollars in Rome ... especially with pensions and health care for retired city workers ... meantime the news isn't all that it attracted a sales of new vehicles in the U S continued to rise in February ... general Motors reporting an increase of seven point two percent ... forcing an increase of nine point three percent and Chrysler Group ... reporting a jump of four point one percent in sales ... and in the tech world the US winning an appeal in its battle to extradite Megaupload founder Kim dot com for New Zealand ... U S authorities were now only half to summarize its case against Mr dot com ... and having to hand over evidence ... Mr dot com was arrested in Auckland in early twenty twelve hours to fight the extradition to the US ... for trial on charges including copyright infringement ... the FBI shutdown Megaupload ... alleging the site was used to hire a Content duddy it about five hundred million dollars ... will keep you posted double A dispute development throughout the day and